UNIVEST FINANCIAL Corp Purchases 2,116 Shares of Procter & Gamble Company (The) (NYSE:PG)

Key Points

• UNIVEST FINANCIAL Corp increased its holdings in Procter & Gamble by 8.8%, acquiring an additional 2,116 shares to reach a total of 26,181 shares worth approximately $4.46 million.
• Wall Street analysts maintain a generally positive outlook on Procter & Gamble, with an average consensus rating of "Moderate Buy" and a target price around $175.88.
• Procter & Gamble declared a quarterly dividend of $1.0568 per share, resulting in an annualized dividend of $4.23 which offers a 2.8% yield.

UNIVEST FINANCIAL Corp grew its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 8.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,181 shares of the company's stock after acquiring an additional 2,116 shares during the quarter. UNIVEST FINANCIAL Corp's holdings in Procter & Gamble were worth $4,462,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of PG. Brighton Jones LLC boosted its stake in Procter & Gamble by 51.5% during the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock valued at $6,717,000 after purchasing an additional 13,617 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in shares of Procter & Gamble by 493.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company's stock valued at $57,294,000 after purchasing an additional 284,174 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Procter & Gamble by 3.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,139,026 shares of the company's stock valued at $190,958,000 after buying an additional 40,080 shares during the last quarter. Nottingham Advisors Inc. grew its holdings in Procter & Gamble by 11.6% during the fourth quarter. Nottingham Advisors Inc. now owns 3,365 shares of the company's stock worth $564,000 after buying an additional 351 shares in the last quarter. Finally, Disciplined Investors L.L.C. bought a new stake in Procter & Gamble during the fourth quarter worth $628,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PG has been the topic of several recent analyst reports. UBS Group set a $180.00 price objective on Procter & Gamble and gave the company a "buy" rating in a research note on Wednesday. Redburn Atlantic lowered shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target on the stock. in a research report on Thursday, May 1st. Morgan Stanley set a $180.00 price target on shares of Procter & Gamble and gave the stock an "overweight" rating in a report on Friday, April 25th. Erste Group Bank lowered shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Finally, Redburn Partners set a $161.00 target price on shares of Procter & Gamble in a research report on Thursday, May 1st. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $175.88.

Insider Buying and Selling

In related news, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the completion of the transaction, the insider directly owned 25,182 shares in the company, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.18% of the company's stock.

Procter & Gamble Stock Performance

Shares of PG opened at $150.30 on Friday. Procter & Gamble Company has a 1 year low of $149.91 and a 1 year high of $180.43. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.70 and a quick ratio of 0.50. The stock's fifty day moving average price is $160.13 and its two-hundred day moving average price is $164.05. The firm has a market cap of $352.38 billion, a PE ratio of 23.09, a PEG ratio of 4.27 and a beta of 0.40.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.06. The company had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a return on equity of 32.56% and a net margin of 18.95%. The firm's revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.40 EPS. On average, equities research analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be paid a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, July 18th. Procter & Gamble's dividend payout ratio is presently 67.14%.

About Procter & Gamble

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.

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